BACKGROUND In 1850, the Lehman bros. and Richard s. fuld jr. started their business of small buying and selling cotton shop. With the pace of time their business and their ambitions grew up, and opened the Futures trading venture in US. With efforts the firm moved to dealing of commodities with merchant banking. The success of bank was up to at mark. Unfortunately in 1969, the Lehman’s family member left the firm. After 1969 that firm converted into the investment bank and name was Lehman Brothers
Ethical Dilemma In Business Ethical wrongdoing is a problem in the real world wherein the rules can be bent to manipulate financial standing. In some organizations such as Lehman Brothers, we will take a look at how they were able to alter real information that was damaging to the company in such a way to make it look more secure. Before these things can happen the upper management must discontinue listening to their employees and even punish the ones that speak up about issues in the workplace
Building standards of ethical behavior is essential for public company. Otherwise, it causes accounting scandals and bankrupts. Over the last decade, there were a lot of enormous bankrupts that because of unethical behavior of investors and auditors. Lehman Brothers Holding Inc. is an example of accounting scandals. In this research paper, I am going to analyze this firm. Lehman Brothers Holding Inc. was a financial services firm and fourth-largest investment bank in the Unite Sates. It provided